Therefore, oil prices are so critical for us.
Drastic changes are coming on the oil market, and most likely unprofitable for our country.
Soon the United States may enter the world market with large volumes of black gold.
Washington cancels its old ban on the export of American oil. The corresponding document was signed by Barack Obama.
What made the Americans take this step, and how will this affect Russian revenues, which are largely generated from the sale of oil?
The KM.RU portal is answered by Nikolay Arefyev, Deputy Chairman of the State Duma Committee on Economic Policy, Innovative Development and Entrepreneurship.
You can't argue with billionaires - they are able to change presidents
- Americans can really put on the market a fairly large amount of oil. There was a law prohibiting the sale of non-renewable resources, but two large oil companies came to Congress with a proposal to cancel this rule. You can’t argue with billionaires a lot - they are able to change presidents, so Obama made concessions.
But in fairness it must be admitted that in the US there is no place to store accumulated stocks. It got to the point that in America they began to make underwater tankers-tankers, since on the ground storage tanks were filled to capacity. The inviolable stock is full, and an excess has already formed. So the United States puts its oil on the market not only to harm us and lower the price, but simply to go nowhere ourselves.
In addition, Iran is increasing its volumes, and OPEC countries have exceeded their own quotas, and in the future they will also increase oil sales.
For us, this is all important, since in the structure of the Russian Federation's GDP, the processing industry occupies only 16%. For comparison, the German manufacturing industry gives 84% of GDP. Therefore, Germany does not feel any discomfort from the decline in oil prices, and, perhaps, on the contrary, the cheapening of petroleum products is beneficial to it.
And we clutch for the head, understanding, that the money received "on a sphere", comes to an end. The cost of oil is only 8 dollars per barrel, a reasonable price in the market should be 20 dollars, and everything else is wound up using futures trading.
In the military-industrial complex is done as it should
Yes, the price per barrel rose very high, to 120, and sometimes higher than dollars, but the soap bubble burst, and gradually everything falls into place. Futures speculation began to decline, “future oil” was stopped to buy, because it was already in bulk in the market, and only futures caught up with a high price.
The budget is bursting at the seams, and if the price falls at least to 28 dollars per barrel, and experts do not exclude this option, then we will not get enough 5-6 trillion rubles in the budget. The dollar rate is associated with this process, it is growing for this very reason.
We had to spend the Reserve Fund to increase the volume of industrial products and agriculture. But the government is not engaged in this, with one exception - in the military-industrial complex is done as it should. They began to make submarines and airplanes, abandoned spare parts from Ukraine, and began to produce them themselves. Over the past three years, they have learned how to conclude relevant contracts with businessmen.
If this can be done in the military-industrial complex, then why is it impossible to conduct a similar policy in other areas of the economy? But light industry is not growing, and the acreage does not increase.